US Treasury Secretary Janet Yellen on Thursday said she would press China to address the country's macroeconomic model that has led to “overcapacity,” claiming that it poses a “threat” to the viability of firms and workers globally, making her the ...

Centered around the theme of "water," a dialogue between Shanghai and New York with discussions on economic and trade ties, cultural exchanges and waterfront planning, was held in Shanghai on Friday, aiming to foster in-depth explorations of shared opportunities and ...

Multinational companies are eagerly preparing for the seventh China International Import Expo (CIIE) as the 100-day countdown begins on Saturday. With a strong belief in the China market and its potential for growth, multinational companies will be showcasing new technologies ...

China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC) said on Friday that Chinese centrally administered state-owned enterprises (SOEs) will step up investment in sci-tech innovations to make breakthroughs in solving “bottleneck” problems for greater contribution to ...

Despite US' intensified restrictions to stymie the development of China's cutting-edge technologies, Chinese researchers remain committed to excelling in quantum computing with a long-term vision and strong determination, a leading Chinese scientist and a pioneer in China's quantum technology told ...

Star livestreamer Dong Yuhui has decided to resign from his position as a senior partner at East Buy, also known as Oriental Selection, a subsidiary of Chinese private tutoring giant New Oriental, the company said in a filing to the ...

There has been a notable surge in Chinese tourists booking flights and hotels in France and other European destinations, according to reports from multiple domestic travel platforms on Thursday. The Paris 2024 Olympic Games, set to open on July 26, ...

The EU is urged to address mutual concerns through dialogue and consultation regarding its plan to impose provisional anti-dumping duties on imported biodiesel from China, rather than hastily resorting to protectionism, Chinese Ministry of Commerce (MOFCOM) spokesperson He Yongqian said ...

China's National Development and Reform Commission (NDRC) and the Ministry of Finance on Thursday co-released a 16-point document on how to implement the plan for equipment renewal and trade-in of consumer goods, as officials said the policies will stimulate the ...

The regional cooperation office of Yangtze River Delta has issued a three-year action plan (2024-26) for the integrated development of the region, one of China's most economically vibrant regions. The plan clearly defines a roadmap for the next three years, ...

With the joint efforts of all parties, the China-Kyrgyzstan-Uzbekistan railway is likely to commence construction in the upcoming months, according to media reports. This project, once completed, will further promote economic and trade development in Central Asia, transform the region's ...

Italy can be the perfect gateway for third-country markets for Chinese companies, Mario Boselli, president of the Italy China Council Foundation (ICCF), told the Global Times in an interview ahead of the visit to China of Italian Prime Minister Giorgia ...

Three Chinese automakers singled out by the European Commission (EC) in its anti-subsidy probe have sought and received additional hearings, Bloomberg reported on Wednesday, becoming part of the ongoing negotiations between China and the EU on the bloc's decision to ...

Chinese unmanned aerial vehicle (UAV) developer United Aircraft Group said on Thursday that it has won 100 industrial-level UAV orders at the ongoing Farnborough International Airshow in Farnborough, the UK, reflecting a rising competitive edge held by Chinese aviation companies. ...

There is full confidence that China will be able to achieve its full-year GDP growth target of around 5 percent in 2024, as the resolution on further deepening reform comprehensively to advance Chinese modernization adopted at the just concluded third ...

Since the start of the construction of the Three Gorges Dam, China's hydropower ecosystem has overcome difficulties and realized the independent design and manufacturing of hydropower equipment and the localization of important materials.

SAIC Anji Splendor, a second world's largest clean energy-powered ro-ro vessel built by the China State Shipbuilding Group, was handed over to SAIC Motor Corp on Tuesday, forming a dual-vessel fleet in promoting China's cars exports.

Despite the challenges and complexity in the bilateral relations, the visit of the American industry representatives, immediately in the wake of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, showcased the foreign companies' ...

The ongoing surge in travel to Africa has created more opportunities for African carriers, with tourist numbers from China boosting their performance.

China has shown major bright spots of continued improvement across industrial production and exports, tied with robust consumer spending throughout the second quarter of this year, reflecting the resilience of the Chinese economy amid challenges, a quarterly report released by ...

Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, said that the communique of the third plenary session of the 20th CPC Central Committee highlighted both reform and opening-up while reaffirming the commitment to the ...

Before the flood season of this year approaches, the State Grid Henan Electric Power Company has readied itself through a comprehensive digital transformation, upgrading its equipment and improving service to ensure an effective response to extreme weather events.

Apple announced on Thursday that it has opened a new research and development (R&D) center in Shenzhen city, South China's Guangdong Province, a new move underscoring the US tech giant's confidence in the China market amid the country's earnest and ...

For nearly a century, Merck, the German scientific and technological giant, has woven its legacy into the fabric of China's healthcare industry. As global uncertainties loom, the company's dedication to the Chinese market remains unshaken. Peter Guenter, CEO of Healthcare ...

The contribution rate of China's agricultural science and technology progress reached 63.2 percent in 2023, roughly 10 percentage points higher than that of 2012, amid efforts to enhance sci-tech self-reliance in the sector, an official with China's Ministry of Agriculture ...

The Third International Cooperation Forum on RCEP Trade and Investment was held on Tuesday in Kunming, Southwest China's Yunnan Province, showcasing the latest achievements of the Regional Comprehensive Economic Partnership (RCEP). New cooperation agreements were signed between Chinese and Laotian ...

As global tourism continues to pick up momentum, the demand for outbound tourism among Chinese citizens is also on the rise, as data showed that the total number of visa applications processed in the first six months of 2024 has ...

India seems to be changing its stance to attract more Chinese investment, but the success of this policy adjustment hinges on whether India still sees China as a strategic rival in geopolitics and security, which hinders trust between the two ...

Foxconn, Apple's assembly partner for building iPhones, has signed a strategic cooperation agreement with the Henan provincial government, to build a new business headquarters building in Zhengzhou, Central China's Henan Province, according to the company's website on Wednesday.

Japan's Nippon Steel will withdraw from a joint venture with Shanghai-based Baosteel, Nikkei Asia reported on Tuesday. As a result, Nippon Steel's steel production capacity in China will be reduced by 70 percent. This is undoubtedly regrettable.

Indian merchants showcased distinctive wood carvings and handicrafts at the 8th China-South Asia Expo as it opened on Tuesday, highlighting their optimism about the China market. Traders conveyed a strong interest in the market, committing to expanding their presence despite ...

Boeing confirmed to the Global Times on Wednesday that it has restarted deliveries of the 737 MAX to Chinese airlines, marking progress for the model in China after some setbacks.

Hong Kong officials and the business community have voiced their support and enthusiasm for a resolution recently adopted at the third plenary session of the 20th Communist Party of China (CPC) Central Committee, vowing to make greater efforts to give ...

A group of US senior executives concluded a visit to China on Tuesday following the conclusion of the third plenary session of the 20th Central Committee of the Communist Party of China, a trip that aimed to promote commercial exchanges, ...

US-based electric car (EV) maker Tesla's driving assistance system, Full Self-Driving (FSD), is likely to be approved by Chinese regulators and enter the China market within 2024, said Tesla CEO Elon Musk.

Over 50 countries and international organizations have confirmed their participation in the seventh edition of the China International Import Expo (CIIE) with available exhibition area signed by companies reaching 360,000 square meters, officials told a press conference on Wednesday, ...

Aircraft manufacturer Boeing updated its market outlook, raising the demand for civil aircraft in the next 20 years from 42,595 in 2023 to nearly 44,000, an increase of approximately 3.24 percent, and China will lead all markets, being the largest ...

The National Development and Reform Commission (NDRC), China's top economic planner, on Tuesday issued a notice to support high-quality enterprises in borrowing medium- and long-term foreign debt to promote high-quality development of the real economy.

CrowdStrike's strategy of smearing and excluding China has unexpectedly made China one of the least affected major economies in the latest tech outage. The irony should spark a reflection on who is the real threat to cybersecurity in the world.

"Sir, we have replaced the old lines for you. Please be careful when using electricity in summer. If you have any electricity problems, please contact us any time..." On July 22, in Baoji Village, Bincheng District, Binzhou City, Shandong Province, ...

The China-South Asia Expo opened on Tuesday in Kunming, Southwest China's Yunnan Province, showcasing a deeper commitment to regional cooperation. Exhibitors expressed optimism for the Chinese market and praised the event for providing opportunities to expand business in the region.

China's second domestically built large cruise ship will use Port of Guangzhou in South China's Guangdong Province as its home port, with a focus on tapping China's southern market, a move that will integrate the cruise economy with local commercial ...

High-end luxury brand Louis Vuitton (LV) opened its first chocolate boutique in Shanghai on Monday, a positive sign for the international luxury brand to capture more of the consumer market in the world's second-largest economy.

In a panic-driven but unattainable attempt to cut China out of global industrial chain collaboration, the US has increased its scrutiny of Mexico's trade with China. However, this shouldn't be a reason for Mexican officials to point fingers at China, ...

US semiconductor giant Nvidia is reportedly working on a new version of its flagship artificial intelligence (AI) chips designated for the China market, the latest effort by a foreign chipmaker to tap the great potential of the world's largest electronics ...

French banking group BNP Parisbas recently established a wholly owned securities firm in Shanghai, becoming the fourth foreign financial institution to set up a wholly owned brokerage firm in the Chinese mainland, the Securities Daily reported on Tuesday.

China's seaborne container shipments to the US jumped 15 percent year-on-year by volume in June, showing resilient supply and demand between the world's two largest economies despite intensified decoupling attempts by the US, industry experts said.

Even as the European Union (EU) has recently introduced provisional additional tariffs of up to 37.6 percent on Chinese electric vehicles (EVs), some EU member states are competing for Chinese EV manufacturing investment and jobs.

Key investment projects are set to improve the quality of China-Russia trade and provide further impetus for bilateral trade to reach $300 billion by 2030, Chinese experts said on Tuesday, as cooperation meetings were held in Russia this week.

Driverless robotaxi companies unlikely to report revenue from ride-hailing services over short term

Despite Western attempts to downplay China's economic prospects, the country is resolutely forging ahead with its ambitious reform agenda, following the just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee. The plenum outlined a detailed ...

China created 6.98 million urban jobs in the first half of this year, achieving 58 percent of its annual target, China's Ministry of Human Resources and Social Security said on Tuesday, highlighting the country's labor market has remained broadly stable.

The just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee has planned forward an economic development blueprint that lays the foundation for increased productivity and technological breakthroughs, thus ensuring a continued success of China's economic ...

Chinese Foreign Minister Wang Yi met with a delegation of the board of directors of the US-China Business Council (USCBC) on Monday, where he discussed China's policy stance toward the US, which is based on the principles of mutual respect, ...

China will employ a raft of policies to expand and strengthen its big data industry, in an effort to unleash and enhance social vitality and boost the digital economy, the National Data Administration (NDA), said on Monday.

TSMC's strong second-quarter results didn't support its share price, which unexpectedly sank in the US and Taiwan island. This outcome is a warning to TSMC and underscores the growing disruptive impact of US geopolitical pressure.

The People's Bank of China (PBC) on Monday ramped up its monetary policy, including cuts in a key short-term rate and market-based benchmark lending rates, in the latest move to strengthen counter-cyclical adjustment and increase support for the real economy.

The China-proposed Belt and Road Initiative (BRI) has become a platform that goes beyond enhancing global inter-connectivity with mutually beneficial infrastructure mega projects to become a mechanism that promotes people-to-people exchanges, especially for younger generations, participants said on Monday, ahead ...

Western smearing campaign against China-Pakistan energy cooperation under the BRI and CPEC framework cannot stop the two sides from creating unprecedented opportunities for sustainable growth of the local economy.

China's Nasdaq-style sci-tech innovation board of the Shanghai Stock Exchange, also known as the STAR Market, celebrated its fifth anniversary on Monday. It has helped more than 570 technology companies raise 1 trillion yuan ($137 billion), with 60 percent of ...

China's Ministry of Commerce (MOFCOM) announced on Monday that, after receiving and reviewing a request from the domestic industry, it will conduct a one-year sunset review investigation of the anti-dumping measures applicable to imports of stainless steel billet and hot-rolled ...

The exhibition named On Top of the Pyramid: The Civilization of Ancient Egypt, which is being held in Shanghai, has captivated the audience and boosted hotel bookings by 20 percent year-on-year, data from a China-based travel platform Trip.com showed.

Chinese electric vehicle (EV) enterprises including Xpeng and Chery have continued to sign cooperation agreements with EU automakers despite the bloc's decision to impose temporary tariffs on Chinese EVs.

Chinese poultry industry is expected to see more positive outcomes rather than any negative impact from a recent suspension of poultry exports announced by Brazil, Chinese industry analysts and insiders said on Monday, indicating the latest change on the supply ...

As the Chinese economy has faced challenges in recent years, some Western officials and media pundits have stepped up their smear campaign against China. They cherry-pick information and distort facts to hype their narratives such as "Peak China," but they ...

At the request of Chinese automaker SAIC Motor Corp, the European Commission (EC) has held a special hearing at the EU headquarters in Brussels regarding the anti-subsidy investigation into Chinese electric vehicles (EVs). During the hearing, SAIC submitted its defense ...

China has initiated the work of rotating Shanghai Cooperation Organisation (SCO) presidency for 2024-2025 and will host the SCO summit in 2025, Chinese Foreign Ministry spokesperson Mao Ning told a regular press conference on Monday.

The third plenary session of the 20th Communist Party of China (CPC) Central Committee highlights that Chinese modernization is the modernization of harmony between humanity and nature. In northern Inner Mongolia, a 400 kilometer "Photovoltaic Great Wall" is emerging, creating ...

China on Monday cut the market-based benchmark lending rate and a key short-term rate in a bid to bolster the real economy.

Opening-up is a “defining feature of Chinese modernization,” and the country will foster a first-rate business environment that is market-oriented, law-based, and internationalized and protect the rights and interests of foreign investors, according to a resolution on further deepening reform ...

China will take a multi-pronged approach to improve the new system for mobilizing resources nationwide to boost the overall performance of our country's innovation system while also building a self-supporting and risk-controllable industrial chain, especially in key industrial chains such ...

Brazil's interest in joining the BRI demonstrates that it is not swayed by unfounded criticism from Western countries and is committed to making independent decisions that benefit its own development.

The recent wave of failures in the US solar industry serves as yet another example of how protectionism impedes the sustainable development of a promising industry.

Further progress in practical cooperation between China and Russia is expected as a result of frequent and continuous high-level official exchanges and intensified cooperation among localities, Chinese analysts said on Sunday.

Recent US solar sector bankruptcies have revealed a significant decline in its industrial competitiveness due to trade barriers, Chinese experts said on Sunday, noting that Chinese solar firms, with reduced dependence on the US market and driven by continuous technological ...

The Chinese economy in the first half of 2024 showed resilience and vitality, with upbeat GDP figures for many provinces and municipalities, fueled by favorable factors such as the thriving high-tech industry, robust foreign trade, an expanding services sector and ...

A ceremony for the first shipment of whiteleg shrimp from Honduras to China was held in Choluteca city of the Latin American country, the Xinhua News Agency reported on Sunday, indicating closer economic and trade ties as bilateral free trade ...

Foreign investors increased their holdings of Chinese bonds in June for a 10th consecutive month, and the amount hit a new high, data showed. Observers said on Sunday these figures underscore foreign capital's strong confidence in the stable growth prospects ...

China imported 1,346 tons of pork products from Russia in June, quadrupling May's figure, data from the General Administration of Customs (GAC) showed over the weekend.

China's Ministry of Science and Technology reported on Saturday detailed cases of academic misconduct in national key research and development (R&D) projects and announced strict measures against researchers involved in plagiarism and unethical lobbying in project applications.

China delivered world's first 14,000-cubic-meter liquefied natural gas (LNG) bunkering and transport vessel capable of river-sea navigation at Shanghai, breaking international technology barriers with a record of over 85 percent of localization rate.

The European Commission (EC) made many unlawful findings in the preliminary determination on tariffs over Chinese imported electric vehicles (EVs), incompatible with WTO and EU rules, according to the China Chamber of Commerce for Import and Export of Machinery and ...

​The ninth review of China's trade policies and practices by the World Trade Organization (WTO) concluded on Friday in Geneva, Switzerland. Throughout the session, the Chinese delegation, led by Vice Minister of Commerce Li Fei, actively and comprehensively addressed concerns ...

Workers load domestically manufactured pressure vessel tanks for export in Zhangjiagang Port, East China's Jiangsu Province on July 19, 2024. According to data released by the National Bureau of Statistics, China's exports for the first half of 2024 amounted to ...

​A software update from American cybersecurity technology company CrowdStrike caused a global technical havoc on Friday, leading to suspended flights, disrupted public services, and paralyzed payment systems worldwide. The incident highlights the significant security risks associated with global dependence on ...

Opening up to a global market is always a tricky problem. This covers multiple aspects, from commodity trade to foreign investment to financial market reforms and governance. Combining our research paper with future projections, I may conclude: in the long ...

The rise of urban clusters is undoubtedly a significant impetus propelling China's economic miracle. In a recent interview with the Global Times (GT) reporters Bai Yunyi and Wang Yi, Alain Bertaud (Bertaud), a former chief urban planner at the World ...

The US' reported move to tighten export controls on semiconductors targeting China by taking stricter measures to pressure companies in countries such as Japan and the Netherlands severely deviates from the principles of free trade and multilateral trade rules and ...

EU car companies should take advantage of the significant opportunities in the Chinese market, as the nation vows to advance high-level opening-up and further relax market access, Chinese officials and experts said, following the conclusion of China's third plenary session ...

Chinese officials as well as domestic and foreign observers on Friday applauded the adoption of a resolution on further deepening reform comprehensively to advance Chinese modernization, highlighting China's resolve to maintain focus in pursuing high-quality development and share opportunities with ...

China's economy is on track for stable growth, with strong policies and reforms needed for a sustainable economic recovery, a Chinese official said following a key meeting to draw up the next blueprint for China's economy.

China's Ministry of Commerce (MOFCOM) announced on Friday a 43.5 percent anti-dumping tariff on imports of propionic acid from the US, starting Sunday. It follows a yearlong investigation that found US dumping led to substantial harm on the Chinese chemical ...

China is supporting private enterprises in leading major technological breakthroughs, emphasizing the improvement of mechanisms for their participation in national projects. This is part of a series of significant measures launched following the recently concluded third plenary session of the ...

On July 18, Zhang Baozhou, director of the Gaoqiaoying Power Supply Office of Xuchang Power Supply Company of State Grid, and Wan Mingming, account manager, visited the project construction site of the link storage integrated circuit packaging production test base ...

China and Japan trimmed their holdings of US Treasury bonds in May in a move that reflects the growing worry about US economic risks, experts said.

Chinese battery producer Contemporary Amperex Technology Co (CATL) on Thursday evening dismissed a foreign media report claiming that the company is in talks with Russian company Nornickel to build a plant, together with several other companies, somewhere in China.

China's Ministry of Commerce (MOFCOM) issued notice on Thursday, saying that investigating authorities will use a sampling method in anti-dumping probe into EU pork, while providing further details on the sampling plan and the preliminary sampling results for anti-dumping case ...

G7 appears to be using so-called economic coercion accusations to put pressure on China, but this only exposes its hypocrisy. The fact that the group itself is really the one engaging in economic coercion is evident in the statement.

The 20th Central Committee of the Communist Party of China (CPC) adopted a resolution on further deepening reform comprehensively to advance Chinese modernization at its third plenary session, drawing up a sweeping blueprint that will guide China's reform and opening-up ...

US Secretary of State Antony Blinken unveiled Wednesday a new program to boost production of semiconductors in some Latin American countries. It's not a bad thing if Latin American countries gain manufacturing investment from the US. What's concerning is whether ...